- CEO
- Per Lind
- Full Time Employees
- 70
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- The Arcade Singapore CE Singapore 049317
- IPO Date
- Jul 31, 2013
- Business
- Rex International Holding Limited is a Singapore-based multinational oil exploration and production company listed on the Singapore Exchange Securities Trading Limited's Mainboard since 2013 with headquarters in Singapore. The company, through subsidiaries including Lime Petroleum AS, Masirah Oil Ltd, Akrake Petroleum Benin S.A. and Lime Resources Germany GmbH, holds interests in offshore concessions in Oman (Block 50, Yumna Field), Norway (17 licences including producing Brage and Yme Fields), Benin (Block 1, Sèmè Field) and onshore licences in Germany (seven in Rhein Graben province including Schwarzbach and Lauben fields producing about 60 barrels of oil per day); it operates assets in Oman, Benin and Germany and de-risks exploration using proprietary Rex Virtual Drilling technology that analyzes seismic data for liquid hydrocarbons; technology-based subsidiaries include wholly-owned Xer Technologies Pte Ltd developing heavy-duty commercial drones and Rex Technology Investments Pte Ltd; in 2024, the Group raised NOK 1.75 billion via bonds by Lime Petroleum Holding AS for Yme Field stake increase to 25 per cent, Bestla Field development, Sèmè Field revival and working capital, completed a multi-well program in Yumna Field ahead of schedule, acquired additional German assets, divested non-core stakes in Crescent Marine Holding Ltd and Moroxite Holding Pte Ltd while increasing Xer Technologies ownership to 100 per cent, entered a reverse takeover for Xer Tech AB listing on Sweden's Spotlight Stock Market, secured a CO2 storage licence in Norway's North Sea and initiated a natural hydrogen study in Oman with Helios Aragon.